LaFleur Minerals Inc. Launches Diamond Drilling at Swanson Project, Beacon Gold Mill Valuation Finalized
TL;DR
LaFleur Minerals' 5,000-metre drilling campaign at Swanson Gold Project offers investors a low-cost path to near-term production with significant upside potential.
LaFleur Minerals has secured all necessary permits and initiated a detailed 5,000-metre diamond drilling program targeting gold mineralization in Quebec's Abitibi region.
LaFleur Minerals' expansion and drilling efforts in Quebec not only promise economic benefits but also contribute to local employment and sustainable resource development.
Discover how LaFleur Minerals' strategic drilling and land expansion in Quebec could unlock new gold deposits and redefine regional mining potential.
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LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) has announced the start of a fully funded, 5,000-metre diamond drilling campaign at its Swanson Gold Project in Quebec, marking a significant step forward in the exploration and development of the site. The company has secured all necessary drilling permits, including Forestry Intervention and Authorization to Intervene, ensuring the project's compliance with regulatory requirements.
The Swanson Gold Project, located in the prolific Abitibi region, is a focal point for LaFleur Minerals due to its promising gold mineralization potential. The drilling program will target priority areas within the Swanson Gold Deposit and other zones such as Bartec, Jolin, and Marimac, identified through comprehensive geological and geophysical studies. These studies included magnetic surveys, induced polarization (IP), and soil geochemistry analysis, as detailed in the company's recent updates (https://ibn.fm/KGilj).
In addition to the drilling campaign, LaFleur Minerals has received an independent valuation for the Beacon Gold Mill, pegging its replacement cost at over C$71.5 million. The rehabilitation and commissioning of the mill are estimated at C$4.1 million, presenting a cost-effective strategy for achieving near-term production. This valuation underscores the mill's strategic value to the company and its potential to significantly enhance LaFleur Minerals' production capabilities.
The company has also expanded its land package to over 18,300 hectares, further solidifying its position in the region and highlighting the district-scale potential of its projects. This expansion, coupled with the ongoing drilling campaign and the Beacon Gold Mill's valuation, positions LaFleur Minerals as a promising player in the near-term gold production sector.
Investors and stakeholders are keenly awaiting further details and assay results from the drilling campaign, which are expected to shed more light on the gold mineralization potential of the Swanson Gold Project. With its strategic initiatives and robust project portfolio, LaFleur Minerals is poised to make significant strides in the gold mining industry.
Curated from InvestorBrandNetwork (IBN)
